Noranda to continue exploration on Hislop claims

Further exploration entailing a substantial second phase diamond drill program and an orientation IP survey is planned for the Hislop property east of Timmins, Ont. During 1988, the property was the subject of an integrated gold exploration program conducted by Noranda Exploration (TSE), with funding provided by Alban Explorations (VSE). The two companies are jointly earning a 60% interest in the property now owned by Matachewan Consolidated Mines (TSE).

The Hislop claims are situated along the Destor-Porcupine-Fault zone where a number of companies are active, including advanced projects being worked in the immediate vicinity by Gold Post Resources and the Chevron Canada/ Stroud Resources joint venture.

According to John Wakeford, Noranda’s district geologist, work to date on the Hislop claims has shown its geologic setting to be somewhat different from these nearby projects, and instead to more closely resemble that of the Aunor and Delnite mines in the Timmins camp which together produced over 3 million oz of gold to a depth of 5,000 ft.

Noranda has concentrated its work to date on the No 1 and No 2 shaft areas (both developed in the thirties) and has completed six holes in the vicinity of the No 2 shaft. Results include: 54.5 ft of 0.112 oz gold to a vertical depth of 70 ft, including 13 ft of 0.216 oz; and 19 ft of 0.094 oz to a depth of 277 ft; and 27.2 ft of 0.115 oz to a depth of 379 ft. The second phase drill program will explore the depth and strike extensions of the known mineralization. Hiro Ogata, president of Alban Explorations, said the property has potential for open pit production.

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